What You Should Know About the Latest Fed Action
A year ago today, the federal funds rate was close to zero, CPI reached 7.9%, and the 10-year Treasury yielded 1.79%. What a difference a year makes.
Market, Stock, and Bond Lessons Learned from 2022
We believe accountability and modesty are among the keys to success in this business. In striving for those qualities, we have a tradition of starting off a new year with a lessons learned commentary.
Low Bar for Earnings Season Brings Third Quarter Expectations Down
Corporate America has a lot working against it this earnings season. This has brought expectations for third quarter earnings growth down to achievable levels.
Pockets of Vulnerability Magnified by Monetary Policy
As Federal Reserve officials continue to emphasize the commitment towards restoring price stability, the dollar marches ever higher.
A Bit More Pessimistic, A Lot More Realistic
The Federal Open Market Committee increased the target rate by 75 basis points to a 3.25% upper bound and delivered a more pessimistic outlook in their published summary.
Inflation is Easing But Not Enough
Inflation remains the primary concern and for now, the Fed is willing to sacrifice economic growth to get inflation back closer to 2%.
Getting the Jobs Market Back into Balance
The economy is starting to experience a larger labor force as individuals come off the sidelines and rejoin the job market.
New Bull or Bear Rally?
After the summer rebound in stocks, investors are asking whether this is a bear market rally that will soon fizzle or the start of a new bull market.
Midyear Outlook 2022: Navigating Turbulence
We may not be flying into a storm, but there’s been plenty of turbulence this year. How businesses, households, and central banks steer through the rough air will set the tone for markets over the second half of 2022.
The Second Half: Constructive on Equities, But Not Complacent
While we acknowledge that a V-shaped recovery is probably not in the cards, we remain constructive on equities for the second half, but not complacent.